A trial balance is probably much older than you would expect, in fact it dates back to 1458! It’s fascinating that we are still using this process over 500 years on. It was originally believed that Fra Luca Bartolomeo de Pacioli also known as Luca di Borgo after his place of birth, Borgo Sansepolcro, Tuscany, was the first to describe a trial balance … Read More
MTD Upgrade to v25 of Sage 50
Thinking about a Sage 50 version 25 MTD Upgrade? We’ve had a number of phone calls from clients wanting to upgrade to Sage 50 version 25 in order to be compatible with the upcoming MTD requirements. The good news is that if you’re already a Sage user, the price you pay should be lower than the RRPs you may already … Read More
Common FAQ’s about Making Tax Digital
Making Tax Digital – What does it mean for your business? If you are VAT registered then you will need to start to keep a digital record (i.e. use software to record all your VAT invoices and receipts). If you are not VAT registered then digital record keeping is optional. If you are VAT registered and do not currently use … Read More
Making Tax Digital – More Information
Making Tax Digital Making Tax Digital is a key part of the government’s plans to make it easier for individuals and businesses to get their tax right and keep on top of their accounts. HMRC’s plan is to become one of the most digitally advanced tax administrations in the world. MTD is making fundamental changes to the way the tax … Read More
NEW advisory fuel rates from December
New advisory fuel rates from December HMRC has released its latest advisory fuel rates (AFRs), to come into force from December 1. There are no changes to the rates for petrol cars, but the rate for diesel cars, with an engine above 2,000cc, increases by 1p per mile (ppm), from 13-14ppm. All other diesel rates remain unchanged. There is also … Read More
HMRC send out making tax digital letters
Have you received a letter from HMRC about Making Tax Digital? If so, you’re not alone. About 200,000 HMRC Making Tax Digital letters have been issued to businesses to let them know about the new service and how VAT record keeping and the way that VAT returns are submitted will change from April 2019. HMRC has sent the first 20,000 … Read More
Sage win Accountancy Software Provider of the Year 2018
Sage win Accountancy Software Provider of the Year 2018 The British Small Business Awards event is now in its third year. The awards celebrated the UK’s small business sector. They recognise Britain’s best sole traders, micro businesses and small companies, as well as the services of the providers and advisers that support them. At the start of 2017, there were … Read More
Making Tax Digital-Are you ready?
Making Tax Digital – Are you ready? With the ever looming deadline approaching, 1 April 2019, VAT-registered businesses in the UK will need to submit their VAT returns using “functional compatible software”, as part of HMRC’s Making Tax Digital (MTD) plans. One thing to remember is that from April 2019, if your VAT turnover is above the VAT threshold (currently … Read More
Sage One is now Sage Business Cloud Accounting
Sage One is now known as Sage Business Cloud Accounting It offers everything for managing your accounts, payroll, payments, and your people. You no longer have to find the right product – just pick the options you require and the ones that meet your business needs. Overview Create and send invoices in moments, reduce manual administration and its now … Read More
The Budget 2018 for businesses
The Budget 2018 has been announced. It will be the final one before the UK leaves the EU. It was put forward on Monday 29th October 2018 by Chancellor Philip Hammond. Here is what it means for businesses. Will I pay less income tax? 31 million people pay income tax in the UK – 18 million men and 13 million … Read More
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